Sunday, January 13, 2008

Kuwait to invest in Merrill and Citigroup

Merrill looks like it's getting $4 billion, and Citigroup $14 billion this week. Last week, we had withdrawals of $22 billion in our stock funds; now the sovereign wealth funds are putting $18 billion in Merrill and Citigroup.

Now this time we have Kuwait joining in with the usual names.

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